Patricia Murphy Consulting is a consulting firm with a focus on compliance with affordable housing programs. Patricia has extensive experience with the Low-Income Housing Tax Credit, HOME, Tax Exempt Bond, National Housing Trust Fund and State of Texas Housing Trust Fund programs.
Services Offered
Owners & Management Companies
If you want to do it right - Patricia can help. Yes - compliance can be complicated, and Patricia can help you understand the rules and the “whys” behind them. If you are an owner or management company, let Patricia help you get organized and stay ahead to avoid costly recapture events or a sub-par previous participation review. If you are already “in trouble,” Patricia can help you untangle your situation - the right way - and get you back on track.
State Housing Finance Agencies and Other Monitoring Entities
Knowing the rules of the program is different than monitoring the program. Sure, you can explain the program, but can you spot an available unit rule violation during a file review? Although there is plenty of training available for owners and managers, there is not much training on monitoring. With 25 years of experience under her belt, Patricia can train you to monitor for compliance and make sure that you have the monitoring tools to succeed. Patricia can train you and your staff to correctly implement the requirements of Treasury Regulation §1.42-5 and proper completion of IRS form 8823.
“Patricia goes above and beyond to answer any and every question. She is very knowledgeable and always learning. I am so glad that I have the privilege to work with her.”
-Kelsie Wilibanks, Compliance Auditor
“Best decision we made was to hire Patricia Murphy as a consultant. Her professionalism and partnership is exemplary in every respect. I encourage anyone who owns or manages tax credit investments to add Patricia to your team.”
— Jean Brown, President of Plano Housing Corporation